Well I must say this my Freinds in my mind..(thats all I have to say about that)
On Mon, Dec 7, 2009 at 12:34 PM, ornamentalmind <[email protected]>wrote: > Don't confuse 'em with the facts fran! > > On Dec 7, 10:20 am, fran the man <[email protected]> wrote: > > On 7 Dez., 18:32, Don Johnson <[email protected]> wrote: > > > > > Here it is. > > > > I want my money back. > > > > > > > > > -Don > > > > Hang on a minute, Don, there's something here I might be getting > > wrong, but I don't think your call is accurate. > > > > (Let me state right at the beginning that, as a non-US citizen, I > > don't intend to go into the rights and wrongs of particular use of > > particular funds. This is an issue of comprehension - my > > comprehension, which may be wrong.) > > > > As I understand it, in August the White House estimated the cost of > > TARP over the next ten years at $341 billion, and the present estimate > > is that TARP will actually cost $200 billion less over the next ten > > years (an average of $14.1 billion anually, rather than $34.1 > > billion). > > > > To the best of my knowledge, the US houses of parliament - in common > > with most democracies - vote a budget annually. In the annual budget, > > the government estimates the costs for the public purse for the next > > twelve months and then presents its plan to cover these costs; so much > > should be raised by taxation, so much should be borrowed, so much by > > selling off assets, etc. Parliament then approves (or amends) this. > > > > So, given the reduced estimated costs of TARP, it is projected that > > the annual deficit caused by TARP over the next ten years will be > > considerably less than was originally estimated. The basic question > > regarding a jobs programme is whether it is desirable to fund this > > over a larger deficit or not - since the budget is not going to be on > > the plus side any time soon. > > > > But ... and this is my basic point ... you can't have your money back, > > because you haven't paid it yet! Whether you pay, and how much you > > pay, is a decision taken every year with the parliamentary approval of > > the annual budget. Projections for the cost of TARP are basically > > planning instruments, used to help put the budget together. > > > > Francis > > -- > > You received this message because you are subscribed to the Google Groups > ""Minds Eye"" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]<minds-eye%[email protected]> > . > For more options, visit this group at > http://groups.google.com/group/minds-eye?hl=en. > > > -- You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/minds-eye?hl=en.
